France plans to increase spending on the environment and law enforcement agencies in 2024
French Finance Minister Bruno Le Maire said that the draft budget for 2024 implies a significant increase in spending on law enforcement agencies, education and environmental transformations, RIA Novosti reports
According to the politician, the 2004 French budget is aimed at ‘re-equipping public services’ and ‘full involvement’ in the fight against climate change.
It is noted that the budget of the Ecology Ministry will grow by a record 7bn Euros, the Education Ministry will receive 3.9bn Euros, and the budget of law enforcement agencies will be increased by 4.8bn Euros. It is reported that this is a historic increase in the funding of the sector, which budget has been cut by 29 percent in the last six years. It will make 63.6bn Euros in 2024.
It is also reported that the Finance Ministry plans to reduce the budget deficit to 2.7 percent by 2027, and the national debt – to 108.3 percent by 2027. In March, the National Institute of Statistics and Economic Studies released a report according to which the public debt of France increased to 2.95 trillion Euros in 2022.
